The Express

14th July 2026

‘Demand to cancel ‘self-defeating’ £12billion tax that stops people from moving’

– Paul Denley, chief executive of Oakham Wealth Management, told Newspage the levy had become an “economic friction point.” He said: “Taxing transactions discourages transactions: it is a tax on mobility itself, hitting many first-time buyers, growing families, and downsizers alike. The result is an inefficient housing market where people remain in homes that no longer suit their needs simply because the cost of moving is too high.”

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